Magma help owner-managed businesses and individuals fuel their ambitions.
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From the Midlands, down to London and everywhere in between, we help our clients achieve their commercial and financial goals.
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See what people had to say about us
“We have recently acquired a business in Derby, with financial and tax due diligence and wider transaction support services provided by Magma. We were really pleased with the support we received from your team. We found them to be really helpful, providing timely and insightful advice.”Engineering Business
Business Owner
“For me, Magma has a friendly and professional working environment and their approach to flexibility and adaptability enables my team and I to grow with the right amount of help and support.”Lee Reynolds
Senior Payroll Manager
“Magma care about me as a person and about my professional growth. The partners genuinely believe in me and have encouraged me to progress - from when I joined as a trainee in 2011, to the Senior Tax Manager that I am today.”Victoria Tunaley
Senior Tax Manager
“Magma Corporate Finance guided us expertly through the transactional maze and helped to secure a strong succession for the business. Magma worked tirelessly, positively and proactively throughout and their support was invaluable.”Recycling Business
Managing Director
“Having known the Magma team for a nearly a decade, when the opportunity for the management buyout arose, I knew Magma had the experience to help us get the deal over the line. I would not hesitate to recommend them to others who are thinking about undertaking a similar transaction.”Automotive Business
Managing Director
“The support Magma Corporate Finance offered during the MBO process was invaluable. They spent time really understanding our business and motivations and were therefore able to create a deal structure that worked for all the involved parties.”Logistics Business
Business Owner
“I just wanted to say how fantastic your Payroll department is - you go above and beyond and nothing is too much trouble. It is an absolute pleasure dealing with Magma for our Payroll.”Recycling Business
HR Manager
“As always, you make my life very easy! Many thanks for the ongoing support and I look forward to working with you again in 2022.”Media Agency
Managing Director
“"I just wanted to say what an amazing level of service Magma offer. The tax returns were done with no stress our side and before we expected them and the level of advice Magma offered is second to none. Thanks again."”Marketing Agency
Director
“Magma's very proactive approach meant that we didn't worry about what we might be missing out on.”Manufacturing Business
Managing Director
“We feel valued as a client and your service reflects that, which is not something we have been used to with much larger firms.”Professional Services Business
Managing Director
“Your team have been an absolute credit to Magma. They have been highly professional, worked very hard and done it all with a smile.”Academy School
Finance Director
“The quality of the people dealing with our affairs, even the juniors, has been excellent - professional, knowledgeable and articulate.”Manufacturer
Finance Director
“Magma provide a reliable and timely payroll service and always process the payroll within our agreed timescales. Using Magma to liaise with the pension provider has taken away the headache of auto enrolment.”Steel Fabricators and Installers
Business Owner
“Magma's Payroll service is first class. With the service provided, at the cost you provide it, there is no point us even contemplating doing it in-house.”Manufacturer
Finance Director
“Magma's way of working really made the difference for us. Our business is highly technical in itself, so with the equally complex tax rules, we needed an astute and strongly commercial approach.”IT Network Security Business
Chief Executive
“The accounts and tax compliance went well this year. Magma worked well with our internal finance team to help improve our understanding and processes, whilst remaining commercial throughout. Thank you.”Training Business
Managing Director
“Just finished a very positive meeting with two members of your staff, both of whom showed empathy and understanding on the various situations discussed and had some excellent suggestions regarding accounts presentation and procedure.”Tour Operator
Chairman
“Following initial discussions regarding prospective R&D claims: the three staff members were very professional, hugely knowledgeable and compared to our previous advisers, exceptional!”Engineering Company
Managing Director
“Following the completion of their audit, I always find the Magma staff to be very nice people to deal with, which improves the atmosphere whilst undertaking the audit.”Membership Organisation
Financial Controller
“I just wanted to thank you very much for all your support over recent weeks in completing the various projects we have been working on! The family appreciate your support and we are delighted with the Magma team. Completing these projects has been quite emotional for me and your support has made things a lot easier, thanks again.”Former Business Owner
“The support I received from Magma was invaluable and I cannot recommend them enough.”Mortuary Solutions Business in Gloucester
Managing Director
“Magma guided us expertly through the transactional maze and worked tirelessly, positively and proactively throughout.”Business Owner in Leicester
Managing Director
We’re a friendly team of chartered accountants, chartered tax advisers and business advisers
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Keep up-to-date with everything finance
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Reporting payment to HMRC if you pay your employees early in December
HMRC allow an easement where employers pay their employees early at Christmas. Read this article to find out how and when to report payments on the FPS if you pay your employees earlier than normal in December.
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Magma advises on the sale of Envirokey Limited to Reconomy
Magma is pleased to have advised the shareholders of Envirokey on their sale to leading international circular economy specialist, Reconomy. Envirokey’s subsidiaries, Smart Comply – a packaging compliance…
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Autumn Statement 2023 – Summary
In this summary we provide some details of the tax changes that have been announced that will be of interest to owner managed businesses, entrepreneurs and private clients.
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Companies House – Implications of the Economic Crime and Corporate Transparency Act
On 26 October 2023 the Economic Crime and Corporate Transparency Bill received Royal Assent, becoming the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The Bill brings stronger…
Recent posts
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Inheritance Tax and the Family Business
Whilst the proportion of family businesses that pass to the next generation remains on…
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Rugby accountancy firm champions office sustainability
Magma has used refurbished office furniture from Office Resale as part of its commitment to sustainable operations.
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Five promotions in Leicester & Rugby
Magma Chartered Accountants has recently made five promotions across their Rugby and Leicester offices.
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HMRC invites taxpayers for a ‘chat’
If you have received a letter from HMRC inviting you to chat about your tax affairs, the advice from Magma is to speak first to your tax adviser.
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Senior Team Expansion
Magma Chartered Accountants and Business Advisers has strengthened its senior team following the appointment of Paul Pownall, as Head of Operations.